Alambic Investment Management L.P. Acquires 83,196 Shares of Tilly’s (TLYS)

Alambic Investment Management L.P. grew its holdings in shares of Tilly’s (NYSE:TLYS) by 94.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,848 shares of the specialty retailer’s stock after acquiring an additional 83,196 shares during the period. Alambic Investment Management L.P.’s holdings in Tilly’s were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of Tilly’s by 1,159.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 10,855 shares of the specialty retailer’s stock valued at $160,000 after acquiring an additional 9,993 shares during the period. Wells Fargo & Company MN grew its position in shares of Tilly’s by 74.7% during the 3rd quarter. Wells Fargo & Company MN now owns 12,080 shares of the specialty retailer’s stock valued at $133,000 after acquiring an additional 5,167 shares during the period. Engineers Gate Manager LP bought a new stake in shares of Tilly’s during the 1st quarter valued at $152,000. Ellington Management Group LLC bought a new stake in shares of Tilly’s during the 4th quarter valued at $214,000. Finally, Virtu Financial LLC bought a new stake in shares of Tilly’s during the 4th quarter valued at $230,000. 47.62% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Tilly’s from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. B. Riley restated a “buy” rating and set a $17.00 target price (up previously from $15.00) on shares of Tilly’s in a research note on Friday, January 26th. Finally, TheStreet cut shares of Tilly’s from a “b” rating to a “c+” rating in a research note on Monday, April 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.67.

In other Tilly’s news, major shareholder Tilly Levine sold 10,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $13.63, for a total value of $136,300.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Hezy Shaked sold 20,000 shares of the business’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $11.41, for a total transaction of $228,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,000 shares of company stock worth $2,638,100. 48.26% of the stock is owned by corporate insiders.

Tilly’s opened at $11.97 on Friday, according to MarketBeat.com. Tilly’s has a fifty-two week low of $8.42 and a fifty-two week high of $16.57. The firm has a market cap of $332.42 million, a P/E ratio of 18.42 and a beta of -0.26.

Tilly’s (NYSE:TLYS) last released its earnings results on Monday, March 12th. The specialty retailer reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Tilly’s had a net margin of 2.55% and a return on equity of 11.03%. The firm had revenue of $164.32 million for the quarter, compared to analysts’ expectations of $166.39 million. research analysts expect that Tilly’s will post 0.78 earnings per share for the current year.

Tilly’s Profile

Tilly's, Inc retails casual apparel, footwear, and accessories for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, and dresses; and accessories merchandise comprises backpacks, hats, sunglasses, headphones, handbags, watches, jewelry, and others.

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Institutional Ownership by Quarter for Tilly`s (NYSE:TLYS)

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